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Nirav Modi’s brother Nihal Modi is accused in the PNB scam. – File photo
Nihal Modi, brother of Nirav Modi, accused in the PNB scam, has been arrested in the US. Officials said the arrest was made on 4 July.
India’s Enforcement Directorate (ED) and Central Bureau of Investigation (CBI) appealed to extradition to Nihal. The hearing on Nihal’s bail will be held on July 17 at the National District of Honolulu (NDOH). The US Department of Justice has confirmed the arrest.
Accused of joining PNB scam
Apart from fraud with LLD Diamonds in the US, Nihal Modi is accused of involvement in the PNB scam of Rs 13,600 crore and eradicating evidence.
An investigation by ED and CBI has revealed that Nihal played an important role in helping Nirav Modi. Using fake companies hidden illegal money.
Action has been taken against Nihal Modi in two allegations:
- Money laundering
- Criminal conspiracy
Now answers to the necessary questions related to this case:
Question 1. How Nihal was arrested
answer: In 2019, Interpol issued a red corner notice against Nihal, after which his search began globally. The CBI and ED demanded its extradition from the US in 2021, as it was reported to be in America. Recently, US officials arrested Nihal at India’s request. The arrest took place in Honolulu.
Question 2. What is the PNB scam and what was the role of Nihal in it?
answer: The PNB scam surfaced in 2018. Nirav Modi and his maternal uncle Mehul Choksi along with some PNB employees rigged Rs 13,600 crore through fake letter of undertaking (LOU). These money were transferred to fake companies.
Nihal is accused that…
- After the scam surfaced, digital evidence like mobile phones and servers in Dubai was destroyed.
- Diamond of $ 6 million, 3.5 million UAE Dirham and 50 kg of gold disappeared.
- Employees and dummy directors threatened and prevented the investigation in India.
Question 3: Will Nihal Modi be brought to India?
answer: Yes, the Government of India is trying its best to bring Nihal to India. The ED and CBI have sent extradition request to the US, which presented evidence against Nihal. If the court dismisses Nihal’s bail and approves extradition, he can be brought to India. However, this process can be long …
- Nihal’s lawyers can claim in court whether the matter is motivated by politics or they will not get a fair hearing in India.
- See the example of Nirav Modi. Even after being arrested in London in 2019, he has not been extradited yet.
- Nevertheless, there is a strong extradition treaty between India and America, under which it is possible for Nihal to come to India. ,
Read this news too …
Fugitive Nirav Modi’s bail plea in London dismissed: CBI opposed the arguments of the accused; PNB is accused of fraud worth ₹ 14500 crore
The bail plea of fugitive Nirav Modi, the main accused in the PNB scam case, has been rejected. It was dismissed by the Kings Bench Division High Court of London after hearing. On behalf of India, the CBI lawyer opposed Nirav’s arguments.
Nirav Modi is accused of cheating about 14 thousand crore rupees by taking a loan from Punjab National Bank (PNB). He escaped leaving the country in January 2018 after the scam surfaced. Nirav was arrested from South-West London on March 19, 2019. Since then he is in jail there. Read full news …
